Saturday, February 22, 2014

New Mexico Company Average Stock Prices Up 221% Under Obama, Udall, Bingaman, Heinrich and the US Fed, After Being Down 84% Due to Financial Meltdown

I found 2 New Mexico Headquartered Companies in Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil and which also had their common stocks trading on each of the following three dates:
  • On December 31, 2007 during President Bush's second term
  • On March 6, 2009, very early in President Obama's first term, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date February 21, 2014.
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

Included in the 2 was Diversified Utilities Company PNM Resources, which plays such a pivotal role in New Mexico's economy.

These 2 New Mexico Companies had their equally-company-weighted average stock market prices decline by a massive 84% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the slightly less than five years since March 6, 2009, the equally-company-weighted average stock market prices of these same 2 New Mexico Companies have increased by a robust 221% through February 21, 2014.

The very well run PNM Resources has the second highest stock market price percentage increase since March 6, 2009 of all US Diversified Utilities Companies.

New Mexico citizens must be pleased with the solid performance of these New Mexico Companies during the Obama Administration.

Below here are the stock market prices of these 2 New Mexico Companies on February 21, 2014, on March 6, 2009, and on December 31, 2007: 






Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to
New Mexico Company HQs
2-21-14 3-6-09 12-31-07 2-21-14 3-6-09








PNM Resources Albuquerque NM      25.67        6.20      21.45 314% -71%
EMCORE Albuquerque NM        4.92        2.16      61.20 128% -96%








Average % Change all 2




221% -84%